Tycoon Ramon S. Ang-led Petron Corp.’s court victory over state-run Philippine National Oil Co. (PNOC) turned into a last-minute standoff after the state firm refused to accept payment, forcing the court to step in and complete the transfer of key assets.
AbaCore Capital Holdings Inc., through its energy subsidiary, is sharpening its focus on renewable energy development as it extends a key partnership with state-owned Philippine National Oil Company (PNOC) to advance onshore wind prospects in Batangas.